Listing provided courtesy of Mitchell Matthews of RE/MAX Consultants. Last updated 2021-11-30 09:23:40.000000. Listing information © 2021 CRMLS.
Asking Price: $699,000
1031 Latham, Hemet CA 92543
Community: SRCAR - Southwest Riverside County
This property was built in 0 and is priced at $699,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 365803917
- Year Built: 0
Phenomenal Opportunity to own a Large Multi Unit Commercial Income Producing Property directly across from the Hospital! Best location you can ask for with a great buying CAP rate just under 5%, long term rents, strong rental history and plenty of upside. 4 Large Units that are perfect for Medical Offices, Dentistry, Therapy, Chiropractic and More. This building is a perfect opportunity and turn key for an investor or needing an office space for your business. Have tenants pay your expenses and profit! 3 of the office units are currently rented to a dental company and the other 2 are medical offices. One unit is vacant and move in ready! Plenty of upside and major improvements done to the property with newer Entry Doors, Newer Roof, large 22 space Parking lot which has Newer re-paved Asphalt! More upgrades include Electrical upgrades, Professional Landscaping, Exterior trim painted and more. The units are boasting 1,014-1,178 square feet each and already set up with Reception Areas, Patient rooms, Private Offices and Bathrooms. There are 22 Parking Places in which 2 spaces are covered under a large carport and handicapped parking space. What more could you ask for? AND most important is the location and opportunity for increased rents and purchasing at a great cap rate for Southern California! Pro-Forma shows cap rate to be 8.7%! Price to sell, call asap for more info!